Cryptocurrency Analysis and News Portal
A prosecutor investigating Terraform Labs CEO Do Kwon for alleged passport forgery in Montenegro has indicated that he will not be extradited soon. The law enforcement official told South Korean media that Montenegrin authorities intend to indict Kwon within a month, ruling out the possibility of him being handed over
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A Bitcoin (BTC) technology firm and its executives have been indicted for allegedly operating unlicensed crypto kiosks in Ohio which knowingly benefited from victims of cryptocurrency scams.S&P Solutions, which operated as Bitcoin of America, along with three of its executives are facing charges of money laundering, conspiracy, and other crimes
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Ari Redbord, currently TRM Labs head of legal and government affairs, says cracking down on hacks in crypto will require hardening cyber defenses. Source
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Mariotti said it is likely Bankman-Fried will be used as an example for why the digital asset industry needs more oversight. He said it is unlikely there will be any crypto-friendly regulation in the immediate future. Instead, he said, the industry may find itself facing “a lot of enforcement actions”
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Should the bill move forward, boundaries setting which agency regulates what will still need to be created. As for defining who regulates other tokens besides BTC and ETH, Fondo said it would be wise for altcoin issuers to “assume the SEC will actively potentially police” them, should the SEC get
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Members of the team of the now defunct Turkish crypto exchange Thodex may receive thousands of years in prison, if the court backs the prosecutor’s plea in the case. The trading platform’s CEO has been missing for the past year since Thodex suspended activities in a suspected exit scam. Turkey
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A former federal prosecutor says that the U.S. Securities and Exchange Commission (SEC) “will stop at nothing to control the entire crypto space.” The SEC has now threatened to sue the Nasdaq-listed crypto exchange Coinbase. The regulator is already in an ongoing lawsuit with Ripple Labs and its executives. SEC Going
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